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JUST-IN: Tinubu Appoints New Power Management Team

JUST-IN: Tinubu Appoints New Power Management Team

Recognising the critical role that power supply plays in promoting commercial and industrial growth in Nigeria, President Bola Tinubu has approved the appointment of a new management team for the Federal Government Power Company Limited.…

We Can No Longer Continue To Subsidise Electricity – FG

We Can No Longer Continue To Subsidise Electricity – FG

Adebayo Adelabu, the Minister of Power on Wednesday said the Federal Government can no longer afford to subsidise electricity in the country. The Minister who disclosed this said that Nigeria has to start moving towards…

Adelabu Hails Foreign Partners For Supporting Power Sector

Adelabu Hails Foreign Partners For Supporting Power Sector

The Federal Government through the Minister of Power, Adebayo Adelabu on Friday commended the foreign development partners for their assistance to the industry. The Minister in a statement issued by his Special Adviser On Strategic…

Increase In Price Of Gas Affecting Stable Power Supply – Adelabu

Increase In Price Of Gas Affecting Stable Power Supply – Adelabu

Adebayo Adelabu, the Minister of Power on Thursday said the increase in the price of gas has a profound impact on the power generation subsector. Adelabu who spoke in Abuja at the African Natural Resource…

Ex-Power Minister Names Cabal Responsible For Poor Power Supply In Nigeria

Ex-Power Minister Names Cabal Responsible For Poor Power Supply In Nigeria

The former Minister of Power, Barth Nnaji has revealed that all efforts put in place to ensure Nigerians have access to reliable power supply are being undermined by petroleum providers and generator vendors in the…

Geregu Power Plc Reports N55.75bn Revenue In 9 Months

Geregu Power Plc Reports N55.75bn Revenue In 9 Months

Post-tax profit at Femi Otedola’s Geregu Power Plc came in 13.3 per cent stronger for the first nine months of the year when weighed up against the figure for the same period of last year.…

Maiduguri outage: Over N1.5bn revenue lost, N880m spent on tower repairs –Minister

Maiduguri outage: Over N1.5bn revenue lost, N880m spent on tower repairs –Minister

A total of N1.17 billion revenue has been lost from January to September 2021 as a result of the vandalism of the power line linking Maiduguri, the Borno State capital, with the national grid following…

MAN: Increment in power price’ll shrink economy

MAN: Increment in power price’ll shrink economy

Nigerian economy will bear the brunt of the recently announced hike in electricity tariff, the Manufacturers Association of Nigeria (MAN) has said. The association, in a position paper released yesterday, said the increment would automatically…

PHEDC workers threaten to disrupt power supply in South-South

PHEDC workers threaten to disrupt power supply in South-South

Electricity workers under the Port Harcourt Electricity Distribution Company (PHEDC) covering Rivers, Akwa Ibom, Bayelsa and Cross River States have threatened to down tool and cause total blackout in those states if the management of…

FEC approves N8.64bn for Siemens’ power project

FEC approves N8.64bn for Siemens’ power project

Presidency: Why Nigeria can’t back out of Azura-Edo IPP The Federal Executive Council (FEC) has approved the release of N8.64 billion for the counterpart funding of the power deal with Siemens AG contract signed by…